2614 West Girard Avenue

Philadelphia, PA 19130

$830,000
Last Sold Price
Beds
4,000 Sq. Ft.
$208 / Sq. Ft.
4,000
Sq. Ft.
$208
per Sq. Ft.

Description

Introducing 2614 Girard AVE, a turnkey investment property fully renovated and leased at slightly under market rate rents, allowing the new investor to capture immediate rental upside. The property contains a tasteful mixture of two (2) 1bd apartments, one (1) 2bd apartment, and one (1) ground floor retail tenant. The existing cap rate is just under 7 per cent which is attractive on its own but the pro forma cap rate is a stellar 7.3 per cent. Similar assets have traded off market recently here and...Introducing 2614 Girard AVE, a turnkey investment property fully renovated and leased at slightly under market rate rents, allowing the new investor to capture immediate rental upside. The property contains a tasteful mixture of two (2) 1bd apartments, one (1) 2bd apartment, and one (1) ground floor retail tenant. The existing cap rate is just under 7 per cent which is attractive on its own but the pro forma cap rate is a stellar 7.3 per cent. Similar assets have traded off market recently here and this property has been priced competitively. The NOI is just over 60K. All of the apartments were completely redesigned as like new construction with premium features throughout like quartz counters and stainless appliances. A brand new facade lends strong curb appeal to the asset and enlivens an already vibrant block. Tons of natural light in each unit. This mixed use asset is conveniently located on Brewerytowns booming commercial corridor, surrounded by new development in every direction. Residents of the building benefit from an on site restaurant and tons of bars, breweries, restaurants, shops and studios located within steps along the Avenue. This is one of the most desirable areas for YPs and millennials in all of Philadelphia. Long term rent growth and appreciation projected for years to come in Brewerytown. Easy access into downtown Philly, University City, Fairmount Park + more. There is a 100+ unit new development planned behind the property which will bring even more retail and restaurants to the area. Inquire within for financials, floorplans + more.Owner occupant investors can qualify for extremely attractive financing and low down payment with new FHA loan limits for 2020 on 2 to 4 unit multifamily buildings; inquire within for more info...

Listing Agent

  1. Ryan McManus

    Ryan McManus

    Listing Agent

    Compass

Property Details for 2614 West Girard Avenue

Tax ID Number
871129350
Ownership
Fee Simple
HOA
No
Structure Type
Interior Row/Townhouse
Style
Contemporary
Waterfront
No
Garage
No
Subdivision
BREWERYTOWN

Location

Sold By Compass Pennsylvania, LLC

Add your commute
LISTING UPDATED: 08/18/2022 02:30 AM

Property Details for 2614 West Girard Avenue

StatusClosed
MLS #PAPH861842
Days on Market21
Taxes$5,657 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1915
Lot Size0.04 AC / 1,615 SF
CountyPhiladelphia County

Location

Sold By Compass Pennsylvania, LLC

Add your commute

Building Information for 2614 West Girard Avenue

Stories-Residences4Year Built1915Building Size-Lot Size0.04 AC / 1,615 SF

Payment Calculator

$5,001 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,530

Property Taxes

$471

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2614 West Girard Avenue

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19130 (19130)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Type of Condo
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2020
  • Tax Assessed Value: $404,100
  • Year Assessed: 2020
  • Improvement Assessed Value: $323,280
  • City Town Tax: $2,553
  • Land Assessed Value: $80,820
  • Clean Green Assessed: No
  • Land Use Code: Y50
  • Zoning: CMX2.
  • Tax Lot: 126
  • School Tax: $3,104
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
  • Units Leased Count: 4
  • Number Of Units Vacant: 0
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense: $10,620
Financial Information
  • Net Operating Income: $66,180
  • Annual Rental Income: $76,800
  • Cap Rate: 7.30
Building Info
Building Info
  • Year Major Reno Remodel: 2019
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Parcel ID: 1055137
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplaces Count: 0
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Natural Gas
  • Heating Type: Central
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Septic, Public Sewer

Property History for 2614 West Girard Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2614 West Girard Avenue

Taxable ValueLand-Additions-Total-
Tax Record2023$3,488 ($291 / month)
Home Facts
Total Finished SqFt5,404 SqFtAbove Grade Finished SqFt5,404 SqFtStories3Lot Size1,615 SqFtStyleOffice BuildingYear Built1920ZoningCMX2.5CountyPHILADELPHIAAPN87-1-1293-50

Schools near 2614 West Girard Avenue

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 5 to 12
Public - 9 to 12
Rating
School
Distance
Morris Robert School
PublicPK to 8

Vaux HS: A Big Picture School
Public9 to 12

Masterman Julia R Secondary School
Public5 to 12

Franklin LC
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.